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parties are. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we need to do in the
to carry out the agenda i campaigned on. new security for the middle class. right now our economy is growing and our businesses are creating new jobs. we are poised for a good year. if we make smart decisions in sound investments, and as long as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan -- one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training and science and medical research -- all the things that help us grow. now, step by step, we've made progress towards that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago
and spending cuts which could embroil the economy and stock market in a new round of uncertainty but it kicks that can down the road, so is that why stocks are a bit tempered today? we'll take a look at that. the dow right now up 12 points. we are flirting with those five and a half year highs, 13,610 and change would be that five and a half year high so we're just pleau that right now. the nasdaq down another eight points at the moment at 3127 and technology among the groups suffering today. the s&p, again, here we go again. any positive close for the standard & poor's 500 would be another five and a half year high for the s&p. let's take a closer look at the markets in today's closing bell exchange with our guests. andres, you and i were talking about the markets earlier. what do you think? getting ahead of ourselves with the rallies we've had so far this year. >> earnings matter, and we're in earnings season. to a certain extent we might see some consolidation in the short term. if we look at valuations, still looks attractive or trading 13 times future earnings, 12 months ahead. the avera
for a possible coalition party. they are making the economy their main issue. shimon peres will decide whether to give binyamin netanyahu the first chance of forming a coalition. that is a process that took five weeks after the last election. let's talk about the situation after the election. it sounds like putting together a coalition will be tricky. >> it appears so. the last government all molested two years. then the labor party pulled out . in this case it might be even more complicated. binyamin netanyahu, if he is given the first nod, will have 28 days to form a coalition. then he has another 12 days. the question is whether some other party will be asked to put together a coalition. any kind of coalition would veer to the right. if he could do that with a minimum of cooperation would be his preference. >> thank you for reporting to us live from jerusalem. you can see our front page at zeera.com. the first explosion was caused by a car bomb about 30 kilometers south of baghdad. no one has claimed responsibility. activists are reporting two large explosions on the outskirts of damascus.
believes that's going to be the major thing to turn around the japanese economy. cheryl: i mean it's almost a currency war, if you will. i mean they are getting into a very crowded space, and with the pressure that we have seen in particular on the dollar, over the last two years, i mean, i'm wondering what that means for us. >> absolutely. they are starting to step on the toes of the fed. you know, the fed has been really priming the pump here, printing money, printing money in efforts to keep the dollar as weak as possible in this risk off type scenario market. so now some of these other central banks are now starting to fight back a bit, and the bank of japan has probably been the most aggressive in doing so with some of the easing that they have already done. cheryl: do you think they will do more easing? is that what you think is going to be the headline here? >> we have pretty much baked into the cake that they will be raising the inflation target to 2% from 1%. they are probably going to extend their asset purchases. they're really talking about different measures to dramatically wea
appropriate levers and can drive productivity throughout the entire economy, the two we're focused on are what we call the power platform, the energy grid needs to be redone, and the knowledge platform. we don't -- we need to do some work on the networks, which is to say broadband, but it's really about how do we apply it? how do we deliver band width that can change education, change health care, change all government services, we get faster, cheaper, better, the same phenomenon on our phones and in our networks, we want to see in public goods and services like education and health care. >> host: mr. levin, how important is speed when it comes to improving our economy? >> guest: depends on a variety of different uses. for example in medicine, we're now moving to a place where we can have wireless sensors improve medicine and that's great. but business uses and other thing things, cameras, geneomic medicine, there's faster networks, president clinton was was dell and he said we can't expect our businesses to compete internationally if they only have access the speed of korea, and he is absolut
of the issues, regulatory issues and housing was really good today. the economy is feeling better and investors aren't feeling bad. earnings numbers pretty solid so people are voting with their dollars right now. things are positive. >> for how much longer, mike? you have to admit, a pretty good run for a while now. are we due for a pullback of some kind? >> due for a rest or a pullback, would i say, but i don't think it's anything that looks like it has to be too dangerous. in addition to all the things michael is talking about, the market's refusal to go down when everybody else is saying it's overbought, probably contributed to the fact that we have this give up move higher. chatter today that maybe the republicans won't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're not talking
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
thanks to the health and safety executive and the european union. the british economy is very reliant on small and medium businesses far less able to cope with bad regulation particularly when it's badly administer inside the u.k. >> my honorable friend is absolutely right. businesses large and small are complaining about the burden of regulation. not just the burden of regular ration from europe -- regulation from europe, but more generally. and that is why we should be fighting in europe for a more flexible europe and a europe where we see regulations come off. but the view of the party opposite is sit back, do nothing and never listen to the british people or british business either. >> order! >> here on c-span2 we'll leave the british house of commons now as today move on to other legislative business. you've been watching prime minister's question time aired live wednesdays at 7 a.m. eastern while parliament's in session. you can see this week's question time again sunday night at 9 eastern and pacific on c-span. and or for more information go to c-span.org and click on c-span se
spend on everything from education to public safety less as a share of the economy that has been true for a generation. that is not a recipe for growth. we have to do more to stabilize the finances over the medium and long-term, and also spur more growth in the short term. i have said i am hoping to making modest adjustments to programs like medicare to protect them for future generations. i also said we need more revenue for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a
sensitive to the economy commodity in the world. ip took out a lot of capacity. ip is a genius. this company's had an unmitigated run. capacity's constrained, prices going up, 95% of capacity. that is like -- you can put the price increase after price increase, that says the economy is much stronger than expected. this is the first commodity to raise prices big when things get better. they're raising prices consistently. very bullish. >> that is a great, great tell. still more to come this morning. get ready for an ipo hat trick, sunco energy partners, norwegian cruise lines, all making their debuts this morning. stick around to see how they open for trading. the opening bell is just a few minutes away. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ indistinct shouting ] [ male announcer ] t
talked about politics and about constitution, institutions. we talked about the economy although we've alluded to this aspect to it let me ask you to take off your journalist hat and put on your markets have and ask a simple question is venezuela going to buy, sell or hold? >> i think what we are going to see in the short term is a great deal of turmoil to reverse of markets -- capital flees some certainty. so, right now you have on uncertainty because nobody knows what's going to happen. nobody knows that he's alive or dead or on life support although we did hear from his brother yesterday that he is not in a coma. we thought he was either in a, or on life support. now we know he is not. other really insightful information we've gotten from the regime or that he's in a stationary situation. i have no idea what that means. that is a stationary situation. >> his treatment was being assimilated. they are still using that, his treatment is being assimilated. so we haven't really had any insight into whether chavez is going to make it or not. the prospects are probably that he is not. w
the gulf we recognize that healthy echo systems also can mean healthy economies. and from louisiana what we have taken, what we believe is a very good first effort in addressing both the vulnerability that exist with the state's master plan has which is is a long-term plan addressing the ecological but reducing the risk across the coast. we believe we can achieve a 100-year protection for the community it's the resources that important. the ecological resource that's state provides and the gulf provides to the nation that if it's going to be afforded through the nation it has to provide protection to those communities who provide that. we believe that this plan we can have sustainable long-term healthy echo systems but also healthy communities and economies. there's an essence a form of what we call social engineering. if you can't ensure the communities, the supermarkets, the schools the things that community depend on, they will not survive. we want to make sure that we're developing both a healthy echo logical system but -- we have gone a long way in first attempt. it's not perfect. we h
for our economy. so important for our public safety. so important for emergency response as we witnessed here in the northeast of the country. and so, while the fight was long and at times, unnecessary, at least the vote was taken today and we move forward. mr. garamendi: thank you, mr. tonko. the bill now is out of this house. it's already in the senate. we expect the senate to pass it probably tomorrow or the next day. certainly before the inaugural on monday and then the president will sign it shortly thereafter. bringing that kind of relief. you mentioned the jobs issue and people need to go to work. when we have these natural disasters and we come forward with the kind of support that we have seen today and will soon be available for new jersey, new york, connecticut and the surrounding areas, people go back to work. those people that have received immediate fema support for housing, for clothing, for food, that money is immediately spent into the economy. on the infrastructure side, it's crucial when the subways of lower manhattan flooded, the world's financial institution took a w
the private and the public economy, balance between the cost and hoped for advantages, balance between the clearly necessary and the comfortably desireable, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual, balance between actions of the moment and the national welfare of the future. good judgment seeks balance in progress, lack of it eventually finds imbalance and frustration. >> words of president eisenhower 52 years ago. are those words relevant today as he talked about what government can and cannot do in solving problems. that speech is still available online. and pointing out those remarks giving the country a dire warning about what he described as a threat to democratic government. he also used the phrase military industrial complex. since then that has become a rallying cry of opponents for expansion. in an effort to control the expansion of the military industrial complex the president sought to cut the pentagon's budget. he wanted a budget he said the country could afford. share your thoughts about the role you t
of its politics and economics and society, mexico has the 13th largest economy in the world today. $1.16 trillion. the oecd predicts in 2042, when regeneration, mexico will have his archer economy than germany's. this is not me. this is the oecd project enough things being equal. therefore notwithstanding the inequality that exists in mexico that has to be dealt with and will be dealt with over time, the fact of the matter is that texaco socially is becoming more and more middle-class society and that is reflect to and every one of the usual measures. demographically, lifestyle, in terms of fertility rate, number of students in university, quality of the housing. all of these trends have brought mexico to the point where it is becoming predominately of middle-class society and will continue to move in that direction. and third, mexico lyrically speaking is a functioning democracy. not perfect, nor is our democracy perfect. but when you look at their electoral system, if you look at the way in which freedom of the press has been moved into mexico with passion, he began to see the devel
or economy. the largest beneficiary would be california. we want to see what the cutting edge is. most of a still look for california. -- loomost of us still look to california. what governor brown said about the traditional politics is all about taking the thing in making it fresh. to a certain extent, i tried to be a writer in college. i failed miserably. a professor said everything has been set but not everything has been said superbly. even if it had, everything must be said freshly again and again. you have to see a fresh lead to a certain extent. the real issue with -- in terms of asking the president, what are the things that matter most, a bass part of those profits would be invested in california. colorado would have a significant -- pretty much every state in the country would benefit. you look at the companies based in silicon valley. they have offices, you want to expand your business, think about those young people in colorado. everything -- stated say the same thing. that money would get spent over the country very rapidly. >> thank you. governor brown. >> it is a good id
21 allows to continue to improve the way we make, the way we move freight that fuels our economy. map 21 streamlines and consolidates programs. map 21 helps short project delivery a priority for president obama and congress. when we deliver projects faster we deliver their benefits faster. like enhancing safety, less congestion, and a cleaner environment. the project delivery improvement included in map 21 are based on an innovate shun initiative known as every day counts. they took it from you, victor. you've done a great job with everyday counts. let's hear it for victor menendez what he has done and his team has done. thank you, victor. [applause] the concept behind everyday counts is the same as this year's trb conference. better, faster, and smarter. finally map 21 helps us keep our transportation system safe. this law gives the department for the first time oversight over transit safety. again, beg thanks goes to peter rogoff of a the train crash here in washington, peter and i sided we would commit ourselves to getting the department of transportation into the transit safety bu
on immigration? it is not the only topic on the mayor's agenda. he is been discussing gun control, the economy and many other matters. some have taken notice of his travel to latin america, and some are asking whether a position in the obama administration will be part of his future. please join me in the coming to the national press club, the mayor of los angeles, antonio villaraigosa. [applause] >> thank you, thersa for that introduction, and for inviting me here today at the national press club. before i start, i grew up in a home where we are used to serving ourselves, so whenever i am served, i like to think our servers. if we could give them a big hand, please. [applause] i want to think particularly the members of the press club for this opportunity to speak to you all today. i am truly honored to be here at one of our country's most venerable institutions of in less than six months my final term as mayor of los angeles will come to a close. with each passing week i take another step toward what one would call the transition from who's who to who's he? the sun may be setting on my admin
the american economy. the financial well-being of the american people is not leverage to be used. martha: hmmm. there you go. iowa republican congressman steve king joins me now. so those are your two options. you can either crash the american economy or you can raise the debt limit or refuse to raise the debt limit. what do you pick, congressman king? >> isn't that masterful political rhetoric coming from the president? if you listen to him talk, there is a little pause in his selection of words there, you it is choreographed and carefully chosen but the american people will be able to see through this i believe. the first problem we need to deal with, martha, the misuse of the term default that emerged in the last debt ceiling crisis in august of 2011 when used on both sides of the aisle, when we reach the point the united states didn't have anymore borrowing authority that automatically meant default. it doesn't. that was a false definition then. it is a false definition now. we have enough money to operate essential components of this government that we can go on for a very long time. this
the showdown is at least six weeks out the president spoke gloomily of an economy. >> the republican in congress have two choices, act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> reporter: house republicans say the issue isn't ransom but preservation. >> the growth of entitlements continues at a rapid pace we have to come to that realization and we have to quit spending money and try to cut into this deficit. >> reporter: house republicans see the debt ceiling deadline next month as one of the best ways early in the president's second term to force him to accept a new round of spending cuts and may have it on an incremental basis, one, two o three months and using that process to achieve more deficit reduction. >> former speaker of the house and republican presidential candidate newt gingrich. good morning mr. speaker. >> it's good to be with you. >> good to be with you. you say fighting over the debt
the economy in great detail. he does massive preparation and i think when he sits down at a table to say, do a fiscal deal one of the reasons he's able to close that deal is because, a, he has decades of experience in compromise which some of these kids today up there don't really know much about. and he understands the granularity of these issues and we saw this and it's helpful. >> vice president joe biden is going to take the oath of office for a second tomorrow right after we return from the break. ♪ ♪ pop goes the world pop in a whole new kind of clean with tide pods. a powerful 3-in-1 detergent that cleans, brightens and fights stains. pop in. stand out. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and err
that the slaves produced for their masters and that made up the core of the southern economy. and only slave labor, only the labor of people who were owned outright by their owners, by landowners who had no right to object, much less to refuse the conditions under which they were compelled to work, only slave labor would cultivate those crops intensively and cheaply enough to yield the tremendous profits that they did. slavery's importance to the southern elite was not simply a matter of dollars and cents. to many masters, as slave owners liked to be called, slavery appeared to be an essential, even an irreplaceable fixture of society. it was inseparable from everything that they knew and loved. it was inseparable from all aspects of what they refer to as their way of life. of course, economically but also socially and culturally. slavery was the unique basis of the particular outlook, the assumptions, the norms, the habits, the relationships to which these masters had become deeply and reflectsively attached -- reflectsively attached. it defined their culture, it shaped their religion, it even sh
's ultimately getting this economy going again and i think to me, the best way you can do that is by putting more money back in the hands of the american people and not more money back in the hands of the government at the state nor at the local level nor certainly at the federal level and that's part of the discussion and i think many of us as governors are-- >> governor, if i could ask you to stand by for a second. vice-president biden is speaking at the inaugural ball, let's listen. >> sure. >> you all made for in great country of ours and to the troops at camp casey, joining us from across the world in south korea, thank you and i wish you were here with us. we owe you. we owe you all more than we can express and i can't tell you how honored jill and i are that you'd spend the night with us. you, all americans, soldiers, sailors, marines, airmen, coast guardmen, you are the finest warriors the world has ever seen and that's not an exaggeration. this generation (cheers) -- this generation literally is the finest warriors the world has ever seen and ladies and gentlemen, your sacrifices ha
to become the sole provider in a time when mexico was going through rough times, you any, their economy in the toilet, the national debt crisis had devastated the economy in mexico, and my mother came back to be a single mother of father without my father's support so she changed a lot, and she, you know, she was bitter about the whole experience in the u.s., and she was broken hearted, and i think in many ways, we paid the price for what my father did to her because she was no longer interested in being our mother. you know, she was interested in finding someone else to could protect her, who could take care of herring and who, i guess, repair the damage, you know, that my father had done. this is what happened to my mother, and i understand that in many ways, and back then, obviously, i didn't because i was the daughter seeing her mother drift from her mother and more each day. >> host: reyna, you mentioned you got the green card and ran with it. where did you go to school? where did you study? >> how did you become an award winning novelist and now in non-fiction? >> guest: when i go
to our economy. so we would clearly, we want to see the debt ceiling sort of removed from the process of the very important debates that we have over what we pay for, how much revenue we bring in, how we get our fiscal house in order in a way that helps the economy grow. >> and chris stirewalt is our politics digital editor and house of power play on foxnews.com live. and this is a clever way to get the senate democrats to do their job. >> sneaky pete. and the idea is it does two things, gets the republicans on what they would rather fight with the president about. continuing resolution funding the government, number one and two, the automatic cuts, they call the sequester that are part of the 2011 debt ceiling deal. they want to address those, because they think that they can use those more efficaciously without harming the economy than with the debt ceiling kicking it down the road a few months and say that is a nuclear option kind of thing in the end and getting the president to yield and accept some cuts now that have hanging over his head, t president doesn't want that and. >> me
have the will to the poverty a priority with in this country? >> you have to have the real economy. but we have now? i am amazed -- you could talk about public education, we could talk about health care. everyone knows that a single payer health care system would -- insurance would cover everyone. insurance companies would be gone. cost, quality, access would be at a premium in terms of our ability to be a civil society if we had a single payer health care system. we could generate almost 3 million jobs, which would serve to stimulate the rest of the economy when you are building -- and actually taking care of the people. they know that in washington. viable. -- valuable. they just want to privatize it. i think you all doing a beautiful job -- the nurses appreciate you so deeply. honestly, the progressive caucus, the black caucus -- but one of the things that you said, and i completely agree, is that you have got to push. we have got to treat a movement in this country -- occupy was a moment. it needs to start up and keep going -- it needs to bring millions of people with it. the r
that the global economy will grow by 3% this year. the revised figure is 2% to 4%. officials largely blame the u.s. and europe for the drop. they said political squabbling over the fiscal glif and the upcoming debt ceiling debate pose big risks to the worldwide economy. the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information google cannot access. you could look for restaurants your friends like, kind of like yelp or look for job connections like on linked-in or you can use it to find singles in your area. steven levy is the senior writer for "wired" magazine. steven, welcome. >> thank you. >> okay, you went to the facebook campus, experimenting with graph search. you interviewe
is a bundle of joy for california's economy. a future worker. a future taxpayer, and a future buyer for your home. trouble is, there aren't enough women having babies. that spells potential crisis for the future of the state. >> i want to get married, have a career, all these things. most of my friends feel the same way. i think our generation wants to wait longer. we don't really see ourselves with kids in our 20s. >> maybe it's the economy. people with making sure they have enough for themselves first. >> we peaked in california in 1990. >> reporter: dell myers from usc sees a convergence of troubling trends. on top of a declining birthrate, there is a growing senior population. that means a shortage of doctors and caregivers in the supply pipeline to serve the aging. >> basically, there's almost twice as many seniors now per working-age person, or there will will, than tha there have been traditionally. >> reporter: aggravating factors are declining education opportunities and a higher cost of living in california. fewer people are coming to the state, including undocumented workers. myer
that? is there enough tax generated in the economy to offset that? and would disaster occurs are you on the hook for off infrastructure and everything else that may be required to rebuild that community? and asia return on that exposure -- is your return greater? as a taxpayer, the answer is unfortunately too often know. we have subsidize risks to the point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs, you are now exposed to much greater costs without necessary generating revenue or other societal benefits off that risk. now, during the '70s and '80s and through the early '90s, went a lot of growth was taking place in coastal areas and other vulnerable areas, very few storms were occurring. frequency was down. so the allusion was i have lived here for 30 years, this never happens. welcome the problem with climate whether it's 30 year cycles are like an eyelash in understanding how big systems and dynamics work. not talking at any of the forcing issues, and now we find ourselves in this period of increased activity and you are sitting on t
immigration reform in the first year, that's before the economy was on the verge of collapse. lehman brothers had collapsed. the stock market was collapsing. and so my first priority was making sure we prevented us from going into a great depression. and i think everybody remembers where we were four years ago. what i confess i did not expect, and so i'm happy to take responsibility for being naive here, is that republicans who had previously supported comprehensive immigration reform -- my opponent in 2008 who had been a champion of it and who attended these meetings -- suddenly would walk away. >> president obama's comments come as his administration faces scrutiny for deporting and detaining a record number of undocumented people. nearly 400,000 immigrants were deported during the last fiscal year. republican presidential nominee mitt romney also fielded questions about immigration during a wednesday appearance on univision. romney attacked obama is deferred action policy that allows some young undocumented people to remain in the country temporarily, saying a more permanent solution was n
the end of a decade of war, and touted the economy. >> the commitments we may teach each other, these things do not sap our nation, they strengthen us. >> reporter: the president mostly refrained from partisan jabs but appeared to single out his former gop opponent mitt romney with this line. >> they do not make us a nation of takers. ♪ >> reporter: filling the air with patriotism, the voices of kelly clarkson and beyonce. ♪ >> reporter: there was a poem and prayers. as he left the front of the capitol, a nostalgic president turned back toward the lincoln memorial. >> i want to take a look one more time. i'm not going to see this again. >> reporter: before the president gets back to work, he heads to the washington national cathedral for an interfaith service for prayers to be offered up for the country and the president. it's a tradition that dates back to fdr. soledad. >> dan lothian, thank you. for the night and parties at night, really party mode in the nation's capital, while the number of official parties was scaled back from ten official parties four years ago to two
are encouraged that there are signs that congressional republicans on holding our economy hostage to extract drastic cuts in medicare that middle class families depend on. it was positive from the white house. pretty negative response from nancy pelosi, the democratic leader in the house. this pros poll sas, she says, does not relieve the uncertainty faced by the middle class. this is a gimmick unworthy of the challenges we face and the national debate we should be having. the message for the american people is clear, no gauges, no default. is there a lack of coordination in the response between pelosi and the white house? >> look, i think both sides are true. it's positive that the republicans and the congress are backing off of that threat. it's also true that we can't go in three-month increments having a debate about whether we're going to pay our bills and whether we're going to jeopardize the full faith and credit of the united states of america. we need to work this through, find a long-term solution for this and bring some certainty to the economy. >> i'm not sure i'd say it's an ent
connect you to a world of opportunity. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> could have been writing about the people in the room and he said, and i want to quote them, the bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet go out and meet it. that's the definition of all of you in this room. you have met every challenge this country has faced and you have done it in every generation with such extraordinary bravery and skill. our veterans -- our veterans are, i think, unique in the world in that every single generation has risen to the occasion, from world war ii to korea, vietnam, the gulf, iraq -- >> joe biden speaking at the american legion ball. we anticipate seeing president obama and michelle obama at the commander's ball any moment now. we're going to bring that image to you, as i said before. a lot of folks watching very closely to see what michelle obama will be wearing. a lot of those guests have come to witness the inaugural ba
.i.am wants to know. ♪ ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. music: "make someone happy" music: "make someone happy" ♪it's so important to make someonhappy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to our continuing coverage of the presidential inauguration. i'm anderson cooper live on the national mall. while today's inauguration may have lacked some of the spectacles from four years ago, there was a lot of emotion. an important day for all americans. 50 years ago today, martin luther king led the march on washington, and 30 years ago, martin luther king day was signed into law as a holid
address though he harolded a decade of war, touting a recovering economy and acknowledged the lessons still ahead. >> the commitments we make to each other, these things do not sap our nation. they strengthen us. >> reporter: he gave mitt romney this line. >> they do not make us a nation of tears. ♪ la >> reporter: filling the air what patriotism, kelly clarkson and beyonce. ♪ the brave there was a poem and prayers. as he left the west front of the capitol, a nostalgic turned back toward the lincoln memorial. >> i want to take a look out one more time. >> now there were shades of the campaign that the president winning out, success can't mean that a few people are making it and a growing number are barely scratching by. the president acknowledging that bipartisan -- or the lack of bipartisanship here in washington but noted that everyone needs to work together for the good of the country. john? >> dan, that moment at the end of your piece where the president turned around and looked, that was astounding. 23 seconds he stood there and he gazed out at the national mall to let it sin
. and then the president says he's not negotiating on the debt ceiling. what does that mean for our economy? senator rob portman says he's got an idea and alternative. that senator up next. here he comes. >>gretchen: welcome back. how big of a threat is our national debt? one theme from the hbo film "too big to fail" spells out the risks pretty clearly. watch it. >> the threats from russia, they suggest we coordinate and without warning dump hundreds of billions of if fannie's and freddie's bonds on to the market. the amount of debt your country carries is a terrible vulnerability. >>gretchen: a terrible vulnerability. senator rob portman couldn't agree more. he's a member of the senate finance committee and former budget director for george w. bush. good morning to you, senator. when we hear this vulnerability, you agree with that; right? >> absolutely. the president yesterday said we need to raise the debt limit because we have to pay our bills. we're at historic levels, $130,000 per family right now, over $16.5 trillion. yes, we need to raise the debt limit at some point but we have to do it in the c
of his are not just reforming immigration in a way that meets the needs of our modern economy, desolate awakened system of values in recent times, but reimagining the border not a sin and place, but a place that facilitates, and it's in the middle come in at the end. we joked in a previous event that we need a different word. the word order does it represent what this thing is between our two countries. it's not an end stuff. the place of incredibly tvd and part of the problem is we have an infrastructure that's as old as those sold bridges that we need to modernize and give tools for countries to take advantage of the incredible economic opportunity to ensue in the next generation. free final data points. one, crime on the u.s. side, one of the things alan said is how much her strategies for. i'll pass that was the safest, largest city. i've been getting this wrong on tv. safest large city across from a city that is not so safe. second is the net migration between the united states and mexico of undocumented immigrants has gone to zero. we now have the demographic changes, sine complet
and weak economies. back to you. >> mary thompson of the new york stock exchange. thank you. what is more incredible than a spectator at a basketball game sinking a half-court shot? check out what happened when atlanta hawk fan kevin went for the thousand dollar prize at half time. as you see, the ball got wedged there right between the backboard and the rim. kevin, though, did win the thousand dollars because the shot was so unbelievable, and technically the ball did make it into the basket when a hawk staffer then yanked on the net. >> go back to the beginning of that. technically, savannah just pointed out he shouldn't have gotten the money because he stepped over the line at half-court. watch closely. there, right there. i would have given it to him, savannah. >> i think we all know that i would have given it to him. just for showing up, i would have given him the thousand bucks. let's get to dylan dryer who is in for al. what a mess on the east coast this morning. >> such a mess. commuters dealing with rain, ice, sleet. we have snow across new england. it is going to be messy through
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